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The BRICS Bank has provided a loan to South Africa to fight coronavirus

The new development Bank (NDB), the BRICS decided to give South Africa a loan of $ 1 billion to fight the spread of a new type of coronavirus, according to a release from the organization.

In late may, Deputy foreign Minister Sergei Ryabkov said that the BRICS development Bank (Brazil, Russia, India, China, South Africa) is preparing a line of credit to cover the cost of controlling COVID-19 in the five.